The startup has developed a blockchain-based decentralized identity protocol that provides a global open-source naming system for individuals and decentralized autonomous organizations (DAOs). This technology enables secure and permissionless asset transfers while promoting identity sovereignty, addressing the challenges of centralized identity management.
Funding
$13M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the Web3 space, users often struggle with complex and unmemorable wallet addresses, hindering user experience and increasing the risk of errors during transactions. Managing digital identities across different blockchain networks can be fragmented and cumbersome.
Solution
d.id offers a blockchain-based decentralized identity protocol that provides a user-friendly naming system for individuals and decentralized autonomous organizations (DAOs). This protocol allows users to create human-readable identifiers (e.g., name.bit) that map to their complex wallet addresses across multiple chains, simplifying asset transfers and enhancing identity sovereignty. By associating a single, easily recognizable name with various on-chain activities, d.id streamlines user interactions within the Web3 ecosystem and reduces the potential for errors in cryptocurrency transactions. The platform aims to establish a foundational layer for digital identity in the AI era, enabling users to own and manage their IDs and achievements across different applications.
Target Audience
The primary target audience includes individuals, DAOs, and Web3 developers seeking a simplified and secure way to manage their digital identities and conduct transactions across multiple blockchain networks.
Features
- Human-readable .bit domain names that replace complex wallet addresses
- Cross-chain compatibility, allowing a single .bit name to be used across multiple blockchain networks
- Community Tag protocol for associating identities with specific affiliations and interests
- Support for managing Web3 identities using various cryptocurrency addresses, including Dogecoin
- Integration with various wallets and DApps, including OneKey, imToken, and TokenPocket
- .bit Alias feature for enhanced transaction security